Originally Posted by she32
Currently saving as a FIrst time buyer. What are your thoughts on the housing market over the next 12 months.
Start your research now
Set up email alerts from daft with what falls close to your affordability range
Log these on an excel sheet with the following fields.
Important: log all of the properties
No of beds
Sold price (fill from property price reg)
Time on the market
and any other aspect of the property that is important to you. This will arm you with indepth local knowledge of the market you wish to buy in. Many agents can be spoofers. This research will enable you to determine which agents are being honest with you and which are economical with the truth
Price trends will become apparent quickly. You can see what purchasers are prepared to pay more for. This will also show properties may have less demand because they don't have an attribute that may not be all that important to you.
Where a market has stalled or very low volume sales you will see when it has resumed quiet quickly, as properties you see as good value others will see the same thing and they will be the first to sell. This may be the time for you to make your move
This research will take you maybe 15 minutes a week. For you, it could save you a small fortune